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SoFi (SOFI) EVP Schuppenhauer settles 55,731 RSUs, uses 22,542 shares for taxes

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SoFi Technologies, Inc. executive Eric Schuppenhauer reported routine equity compensation activity tied to restricted stock units (RSUs). On May 14, 2026, RSUs covering 55,731 shares were settled into the same number of common shares at $0.00 per share, reflecting a vesting event.

On May 15, 2026, 22,542 shares of common stock at a price of $15.493 per share were used to satisfy tax withholding obligations related to these stock-settled RSUs, and the filing notes these shares were not issued to the reporting person. Following the transactions, he directly holds 294,604.81 shares of SoFi common stock, and 501,579 RSUs remain outstanding.

Positive

  • None.

Negative

  • None.
Insider Schuppenhauer Eric
Role EVP GBUL Borrow
Type Security Shares Price Value
Tax Withholding Common Stock 22,542 $15.493 $349K
Exercise Restricted Stock Unit 55,731 $0.00 --
Exercise Common Stock 55,731 $0.00 --
Holdings After Transaction: Common Stock — 294,604.81 shares (Direct, null); Restricted Stock Unit — 501,579 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person. Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 4 filed on September 27, 2024.
RSUs settled 55,731 shares RSUs converted to common stock on May 14, 2026 at $0.00
Tax-withholding shares 22,542 shares Shares used for tax withholding at $15.493 on May 15, 2026
Price per share for tax withholding $15.493 Applied to 22,542 shares for RSU-related tax obligations
Common shares after transactions 294,604.81 shares Direct SoFi common stock holdings following tax-withholding disposition
RSUs outstanding 501,579 units Restricted stock units remaining after partial settlement
Exercised RSUs count 55,731 shares ExerciseShares in transaction summary for derivative exercise
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
tax withholding obligation financial
"Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs"
stock-settled RSUs financial
"Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Schuppenhauer Eric
(Last)(First)(Middle)
2601 NETWORK BLVD, SUITE 600
(Street)
FRISCO TEXAS 75034
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SoFi Technologies, Inc. [ SOFI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP GBUL Borrow
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/14/2026M55,731A(1)317,146.81D
Common Stock05/15/2026F22,542D$15.493(2)294,604.81D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)05/14/2026M55,731 (3) (3)Common Stock55,731$0501,579D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
2. Shares sold to satisfy tax withholding obligation applicable to the vesting of stock-settled RSUs. These shares were not issued to the Reporting Person.
3. Represents the settlement of a portion of the RSUs granted to the Reporting Person as disclosed on the Reporting Person's Form 4 filed on September 27, 2024.
Remarks:
/s/ Sara C. Thompson, Attorney-in-Fact05/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did SoFi (SOFI) EVP Eric Schuppenhauer report?

Eric Schuppenhauer reported RSU-related transactions, including settlement of 55,731 restricted stock units into common shares and a separate tax-withholding disposition of 22,542 shares. These actions reflect equity compensation vesting and associated tax obligations rather than open-market buying or selling activity.

How many SoFi (SOFI) RSUs vested for Eric Schuppenhauer in this Form 4?

The filing shows settlement of 55,731 restricted stock units into an equal number of SoFi common shares at $0.00 per share. This represents the vesting of a portion of a prior RSU grant disclosed in a Form 4 originally filed on September 27, 2024.

Why were 22,542 SoFi (SOFI) shares disposed of in Eric Schuppenhauer’s filing?

According to the Form 4, 22,542 shares of SoFi common stock at $15.493 per share were used to satisfy tax withholding obligations from the vesting of stock-settled RSUs. The footnotes clarify these shares were not issued directly to the reporting person.

What are Eric Schuppenhauer’s SoFi (SOFI) holdings after these transactions?

After the reported transactions, Eric Schuppenhauer directly holds 294,604.81 shares of SoFi common stock. The derivative holdings table also shows 501,579 restricted stock units outstanding, each representing a contingent right to receive one share of common stock upon settlement.

Do Eric Schuppenhauer’s SoFi (SOFI) transactions indicate open-market buying or selling?

The transactions reflect RSU vesting and related tax withholding, not open-market trades. One entry is an exercise or conversion of 55,731 RSUs into common stock, and the other is a tax-withholding disposition of 22,542 shares to cover obligations from that vesting event.

How does this SoFi (SOFI) Form 4 classify the insider transaction codes?

The Form 4 uses code M for the exercise or conversion of derivative securities, representing RSUs settled into 55,731 common shares, and code F for a tax-withholding disposition of 22,542 shares. These codes indicate compensation and tax events rather than discretionary market trades.